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            <li class="nav-item" data-bs-level="1"><a href="#_1" class="nav-link">高股息轮动策略</a>
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            <li class="nav-item" data-bs-level="2"><a href="#1" class="nav-link">1. 策略分类和核心逻辑</a>
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            <li class="nav-item" data-bs-level="2"><a href="#2" class="nav-link">2. 选股条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#3" class="nav-link">3. 买入条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#4" class="nav-link">4. 卖出条件</a>
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            <li class="nav-item" data-bs-level="2"><a href="#5" class="nav-link">5. 仓位管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#6" class="nav-link">6. 风控管理</a>
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            <li class="nav-item" data-bs-level="2"><a href="#7" class="nav-link">7. 手动实操步骤（纯人工交易版）</a>
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<h1 id="_1">高股息轮动策略</h1>
<h2 id="1">1. 策略分类和核心逻辑</h2>
<ul>
<li>一级分类：价值投资策略</li>
<li>二级分类：股息率轮动策略</li>
<li>核心逻辑：通过筛选高股息率的优质股票，定期轮动持有，在控制风险的前提下获取稳定的股息收益和资本增值，实现长期稳健回报。</li>
</ul>
<h2 id="2">2. 选股条件</h2>
<ul>
<li>选股范围：上海证券交易所 + 深圳证券交易所（主板 + 创业板 + 科创板）</li>
<li>基础筛选：</li>
<li>股票状态：正常股票（排除ST、*ST）</li>
<li>交易状态：非停牌股票</li>
<li>指数成分：属于主要宽基指数成分股</li>
<li>量化筛选：</li>
<li>市值要求：总市值排名前80%</li>
<li>估值要求：市盈率(PE_TTM)排名前40%</li>
<li>盈利要求：市盈率 &gt; 0（排除亏损股）</li>
<li>股价要求：收盘价 ≤ 30元</li>
<li>核心指标：按股息率从高到低排序，选择排名前3的股票</li>
</ul>
<h2 id="3">3. 买入条件</h2>
<ul>
<li>调仓频率：每3个交易日调仓一次</li>
<li>买入时点：调仓日上午9:30开盘后立即执行</li>
<li>买入价格：以开盘价买入</li>
<li>买入顺序：</li>
<li>先卖出所有不再符合条件的持仓</li>
<li>再买入新入选的3只股票</li>
</ul>
<h2 id="4">4. 卖出条件</h2>
<ul>
<li>定期调仓：每3天评估，不在股息率前3名即卖出</li>
<li>卖出时点：调仓日上午9:30开盘后立即执行</li>
<li>卖出价格：以开盘价卖出</li>
<li>特殊情况：</li>
<li>股票变为ST、*ST</li>
<li>股票停牌超过调仓周期</li>
<li>股票从指数成分股中剔除</li>
</ul>
<h2 id="5">5. 仓位管理</h2>
<ul>
<li>持仓数量：固定持有3只股票</li>
<li>仓位分配：每只股票等权重33.33%</li>
<li>总仓位：100%满仓运作</li>
<li>行业分散：自动覆盖不同行业</li>
<li>市值分散：侧重中大市值股票</li>
</ul>
<h2 id="6">6. 风控管理</h2>
<ul>
<li>基本面风控：通过指数成分股、盈利要求、估值要求筛选优质标的</li>
<li>流动性风控：选择市值前80%的股票确保流动性</li>
<li>价格风控：30元以下股价控制个股风险</li>
<li>强制轮动：定期调仓避免过度依赖单一个股</li>
</ul>
<h2 id="7">7. 手动实操步骤（纯人工交易版）</h2>
<p>第一步：调仓日准备（每3个交易日前一晚）</p>
<ol>
<li>数据收集：</li>
<li>获取主要宽基指数成分股名单</li>
<li>收集股票基本面数据（市值、市盈率、股息率等）</li>
<li>
<p>排除ST、停牌、亏损股票</p>
</li>
<li>
<p>初步筛选：</p>
</li>
<li>筛选总市值排名前80%的股票</li>
<li>筛选市盈率排名前40%且大于0的股票</li>
<li>筛选股价30元以下的股票</li>
</ol>
<p>第二步：排序选股（调仓日9:15前）</p>
<ol>
<li>计算股息率：</li>
<li>对初步筛选的股票计算股息率</li>
<li>
<p>按股息率从高到低排序</p>
</li>
<li>
<p>确定买入名单：</p>
</li>
<li>选择股息率排名前3的股票</li>
<li>记录股票代码和名称</li>
</ol>
<p>第三步：调仓执行（调仓日9:30）</p>
<ol>
<li>卖出操作：</li>
<li>检查当前持仓</li>
<li>卖出不在前3名单的持仓股</li>
<li>
<p>以开盘价挂单卖出</p>
</li>
<li>
<p>买入操作：</p>
</li>
<li>计算可用资金</li>
<li>等分资金买入3只新股</li>
<li>以开盘价挂单买入</li>
</ol>
<p>第四步：日常监控</p>
<ol>
<li>状态监控：</li>
<li>每日检查持仓股是否出现ST风险</li>
<li>监控停牌情况</li>
<li>
<p>关注指数成分股调整</p>
</li>
<li>
<p>数据更新：</p>
</li>
<li>定期更新基本面数据</li>
<li>为下一次调仓做准备</li>
</ol>
<p>第五步：特殊情况处理</p>
<ol>
<li>紧急卖出：</li>
<li>持仓股变为ST立即卖出</li>
<li>股票停牌及时调整策略</li>
<li>
<p>成分股剔除及时处理</p>
</li>
<li>
<p>调仓纪律：</p>
</li>
<li>严格按3天周期执行</li>
<li>坚决执行卖出不再符合条件的股票</li>
<li>保持等权重配置</li>
</ol>
<p>交易成本考虑：
- 买入费率：0.03%
- 卖出费率：0.13%
- 最低费用：5元/笔
- 调仓时需考虑交易成本对收益的影响</p>
<p>风险提示：该策略侧重价值投资，适合中长期稳健投资者。股息率受公司分红政策影响，可能存在变化。定期调仓会产生较多交易成本，需在收益预期中充分考虑。市场风格转换可能影响策略表现。</p></div>
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